This week's trade had to be closed out for a loss on Wednesday. What started off as a very weak open, the markets reversed course and ended up being the best daily gain of the week. The trading range on Wednesday was 147 points on the S&P500. That was one of, if not the most, widest trading ranges all year. Unfortunately, we got caught in the snap back rally and was forced to exit our trade. It was a good thing because if we hadn't, losses would have been much more significant. As disheartening as it is to have a losing trade, they are a part of trading and we are grateful that our exit team closed down the position when they did. We will look forward to next week's trade and will share that with subscribers as soon as we see a good entry point.
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